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Expert Advice

I find little use in most of the advice I receive, so I merely pass it on. People mistakenly believe, that I am an expert. As the Indian economic growth slows rapidly, the falling value of the rupee, the dangerous erosion of social institutions, we have political and economic pundits crawling out of every nook and cranny. They hog all the prime time on television, and prime space in the newspapers and magazines. I read and listen to their analysis of the situation and the advise these people dole out. I would have been amused had the situation not been so bleak. The politicians are the most entertaining, focusing more on theatrics rather than facts they blame everyone else except themselves. The economists offer many deep theories, several of them even make sense. However it is a known fact that, economists can fully explain a situation only many years after the incident occurs, and they have understood somewhat what really happened. It is not difficult to be critical in h...

Human Capital management for 21st Century Indian Manufacturing.

Indian Steel Industry produces about 75 Million MT of steel per year and looking to double that output within this decade. This article has been written for Steel Tech and focuses on management challenges facing Indian Steel Industry in the area of developing and enhancing its 'Human Capital'. Part 1: Human Capital not just employees The challenges facing the steel sector for achieving its targets are many. Rainy’s law of management says that, ‘A situation or trend is likely to remain the same unless acted upon by some innovation or management initiative’.   Thus if we want different results we need to do things differently. The question then arises, what needs to be done differently? All Organisational systems function based on three elements fused together as one. They are Hardware, Software and 'Humanware'. The hardware includes the land, buildings, machinery and equipment etc. The software comprises the design of technical and managem...

Maverick Selling of clothes

Overstocked with a large supply of men’s spring and winter coats,  a clothier in Copenhagen, Denmark, adopted a unique sales  scheme.  He erected a scaffolding around his store building and  completely covered it from roof to sidewalk with more than a  thousand overcoats.  The novel display attracted prospective  customers in such droves that police were summoned.  Although  the police ordered the proprietor to remove the display, he  succeeded in selling all the overcoats, 1936

The usefulness of useless knowledge

“The real enemy is the man who tries to mold the human spirit so that it will not dare to spread its wings.” In an age obsessed with practicality, productivity, and efficiency, I frequently worry that we are leaving little room for abstract knowledge and for the kind of curiosity that invites just enough serendipity to allow for the discovery of ideas we didn’t know we were interested in until we are, ideas that we may later transform into new combinations with applications both practical and metaphysical. This concern, it turns out, is hardly new. In ' The usefulness of Useless Knowledge' , originally published in the October 1939 issue of  Harper’s , American educator  Abraham Flexner  explores this dangerous tendency to forgo  pure curiosity in favor of pragmatism  — in science, in education, and in human thought at large — to deliver a poignant critique of the motives encouraged in young minds, contrasting those with the drivers that motivated so...